
U.S. dairy processors are exporting fewer cheese and butterfat products as domestic premiums have disappeared relative to Europe and New Zealand. Cheese exports for January-August 2016 were 186,629 MT, down 17% year on year, and butterfat exports fell to 14,905 MT.
Milk powder exports are holding up better on demand from Mexico and Asia.
A global price equilibrium is cutting U.S. cheese and butterfat export volumes, leaving more product domestically and weighing on U.S. dairy prices. Buyers face a buyer's market for dairy ingredients.
Setelah 49 peristiwa perdagangan bearish sebelumnya, Susu (Class III) bergerak median -0,3% selama 5 sesi (39% lebih tinggi; separuh tengah -4,7% sampai +1,5%), dan -0,4% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.